Technical forecast for Eurostoxx

stoxx

Euro Stoxx Sep13 held support at 2805/02 to break higher & hit 2837. The daily chart is turning more negative but a break higher offers a selling opportunity at this year’s high at 2845/49. Use stops on shorts above 2860 for a move towards 2883/93.

A drift lower today targets 2709/06 but a break lower could reach 2793/92. Watch for a bounce from here but if we continue lower we should see a test of 2779/77.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More